The Institute of Risk Management was formed through the amalgamation
of The Society of Risk Managers (SRM) and The South African Risk and Insurance
Manager Association (SARIMA) in September 2003.
Operating from permanent offices in Johannesburg, it is a registered
non-profit organisation representing individuals and companies committed to the
enhancement of the Risk Management discipline in its widest context - enterprise-wide.
The effective management of risk is central to the achievement of any
Company’s vision. By understanding and managing risk they can provide greater
certainty and security for all their employees, customers and stakeholders.
They will be better informed, more decisive and move with increased confidence
to achieve their vision and objectives. Risk Management also forms a crucial
part of Corporate Governance and is mandated by King III as well as the
Taking the above into consideration, the Institute has embodied the
essence of this principle in delivery of a range of services including:
·Professional accreditation of individual members.
·A forum for discussion of and interaction on current risk issues.
·A credible platform enabling practitioners to speak on matters affecting
·Research and project development.
·Education and Training.
·Opportunities for networking and professional development through
conferences, briefings and topic focused workshops.
The Institute of Risk Management South Africa
is the leading source of information and
networking opportunities within the Risk
Management industry, with members from
a wide range of corporations both from the
private and public sector.
Our non-profit organisation aims at
representing individuals and
companies committed to the enhancement of the
Since the formation of the Institute of Risk Management of South
Africa (IRMSA) in 2002, its committees have constantly acknowledged both itsimportance
ofrole as custodians of best Risk Management (RM)practice, and its
deep responsibility to develop the profession and individuals in the occupation
of Organisational Risk Manager (ORM). Further to this, we believe that we need
to acknowledge best practices in South Africa, thus our yearly Risk Management
Awards are very close to our hearts.
The Institute of Risk Management South Africa (IRMSA) host the annual
Awards Ceremony and Gala Dinner as well as the Annual Conference.
The IRMSA Risk Management Awards recognises and rewards South Africa’s
top Risk Management Professionals. The
Awards Programme has been established specifically to acknowledge, encourage
and celebrate excellence within the Risk Management Sector.
The Risk Management Awards are presented at our annual Gala Dinner,
which is a showcase event to thank all our corporate members for their support,
and to acknowledge those in the field of Risk Management for their phenomenal
The organisers of this event greatly acknowledge and salute organisations
support and contribution to promoting Risk Management. By growing the Awards,
we’re aiming to profile this initiative as the highest accolade in the Risk
Management Sector in South Africa and beyond.
At the IRMSA Annual Conference in 2009, the Institute received a
mandate from stakeholders to develop an occupational qualification for Risk
Managers. An Educational and Technical
Sub-Committee was then tasked by the IRMSA Executive Committee to drive this
initiative. Being recognized as the
Professional Body for Risk Management in South Africa by the South African
Qualifications Authority (SAQA) in 2012 has elevated IRMSA to the next level
and has created an awareness of Risk Management in South Africa for those
working in the industry. This goes hand
in hand with the development of the Risk Management Qualifications
(Organisational Risk Officer and the Organisational Risk Practitioner
Qualifications) that IRMSA is currently developing with BANKSETA and the
Quality Council for Trades and Occupations (QCTO). Risk Managers finally have the opportunity to
climb a professional ladder and be accredited as Professional Risk Managers in
South Africa by being members of IRMSA.